JPY
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Retakes 110.00 on upbeat China GDP; upside seems limited
The AUD/JPY cross attracts some follow-through buyers for the second straight day on Monday, recovering further from an eight-month low, around the 108.65-108.60 region, touched last week. Spot prices climbed back above the 110.00 psychological mark during the Asian session amid a combination of supporting factors. The Australian Dollar (AUD) gets a minor lift in […]
by Currency Hedger
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- 10 hours ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Hovers around 177.50 near nine-day EMA
EUR/JPY appreciates after opening at a bearish gap, remaining in negative territory and trading around 177.50 during Asian hours on Monday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is maintaining a capped tone as it holds below the […]
by Currency Hedger
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- 10 hours ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Outlook: USD/JPY Holds Near 158 as BOJ Signals Inflation Is Approaching Target
The Japanese yen is trading around 158 per US dollar, with limited movement as investors weigh a mildly hawkish message from Bank of Japan Governor Kazuo Ueda against concerns about Japan’s public debt and fiscal outlook. Ueda’s assessment that underlying inflation is approaching the central bank’s 2% target reinforces the possibility of further monetary policy […]
by Currency Hedger
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- 11 hours ago
JPY, Market Analysis, Technical Analysis
Japanese Yen holds gains on BoJ’s hawkish tilt
The USD/JPY pair loses ground to near 157.85 during the early European trading hours on Friday. Hawkish hints from Bank of Japan (BoJ) policymakers provide some support to the Japanese Yen (JPY) against the US Dollar (USD). BoJ board member Junko Koeda said on Thursday that the central bank should not become overly cautious about […]
by Currency Hedger
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- 3 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Holds steady below 177.50, bearish technicals reinforce downside bias
The EUR/JPY cross trades on a flat note around 177.30 during the early European trading hours on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY). Furthermore, hawkish comments from a Bank of Japan (BoJ) policymaker could provide some support to the JPY and act […]
by Currency Hedger
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- 3 days ago
JPY, Market Analysis, Technical Analysis, USD
USD/JPY Price Forecast: 157.50 pivotal support holds after Warsh’s remarks
The USD/JPY pair fades an Asian session uptick to the 158.15-158.20 region, sliding back below the 158.00 mark following Federal Reserve (Fed) Chair Kevin Warsh’s opening remarks at the Annual Meetings of the International Monetary Fund and World Bank Group, in Bangkok. In a conversation with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, […]
by Currency Hedger
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- 3 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Strengthens above 177.00, but bearish bias persists below key resistance
The EUR/JPY cross trades in positive territory near 177.10 during the early European trading hours on Thursday. However, the potential upside for the cross might be limited as traders remain on high alert for currency intervention from Japanese authorities. Japanese Finance Minister Satsuki Katayama warned that she was prepared to take action in the currency […]
by Currency Hedger
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- 4 days ago
JPY, Market Analysis, Technical Analysis
Japanese Yen Strengthens Beyond 158 per Dollar as Intervention Warnings Intensify
The Japanese yen has strengthened beyond 158 per US dollar, reaching a one-week high as renewed warnings from Japanese authorities increase the risk of further currency-market intervention. Finance Minister Satsuki Katayama has reiterated that officials are prepared to act again if necessary, while confirming that Washington and Tokyo remain aligned following their joint intervention in […]
by Currency Hedger
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- 4 days ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Gains ground below 177.50, but stays bearish below 100-day SMA
The EUR/JPY cross trades in positive territory around 177.30 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges lower against the Euro (EUR) on a cautious Bank of Japan (BoJ) rate outlook. Traders will closely monitor the speech by European Central Bank (ECB) President Christine Lagarde later in the day. Bloomberg […]
by Currency Hedger
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- 5 days ago
AUD, JPY, Market Analysis
Australian Dollar gains against Japanese Yen as China CPI inflation rises in September
AUD/JPY extends its gains for the second consecutive day, trading around 110.70 during Asian hours on Wednesday. The currency cross holds gains as the Australian Dollar (AUD) remains stronger following the release of Consumer Price Index (CPI) inflation data from China, Australia’s major trading partner. China’s National Bureau of Statistics reported that its annual CPI […]
by Currency Hedger
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- 6 days ago